Active Listing  ·  243 days on market

1404 Lance Way

Austin, TX 78758
$599,999
3 Bed 3 Bath 2,279 sqft $263/sqft Built 1980 0.21 acres 2-Car Garage Pool Gracywoods Sec 04

Charming and full of potential, this inviting home offers the best of Austin living just minutes from The Domain and Q2 Stadium. Light-filled interiors, mature trees, and thoughtful updates combine to create a comfortable and versatile space ideal for relaxing or entertaining. Inside, you'll find a bright, flexible layout with a designated office, a generous laundry room with a half bath, and a large kitchen with incredible customization potential. Each bedroom includes a spacious closet, and both the primary and guest bathrooms have been stylishly renovated with modern finishes. Recent upgrades, including new windows (2023), fence (2023), HVAC (2022), smooth ceilings, and Google Fiber, enhance both comfort and functionality. Step outside to a backyard retreat complete with a sparkling pool and hot tub, covered deck, partial turf, and lush greenery. It’s the perfect space to unwind or host guests year-round.

With excellent storage, functional spaces, and a prime location, this home is a rare opportunity in a vibrant Austin neighborhood!

At $263/sqft, this home is 33% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1404 Lance Way, Austin, TX 78758

Property Details

Price $599,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,279 sqft
Lot Size 0.21 acres (9,156.31 sqft)
Year Built 1980
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Gracywoods Sec 04
County Travis
Zip Code 78758
$/sqft $263/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,190.77
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT211326611
List Date December 4, 2025
Elementary School River Oaks
Middle School Westview
High School John B Connally
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
411 W St Elmo Rd #24
Brookside Villas Condo Amd
$599,999 $336 3 bd / 3 ba 1,785 sqft , 2026-03-29
314 Virtus Bnd
Verrado Condominiums
$599,999 $315 4 bd / 3 ba 1,903 sqft , 2026-06-18
306 Olivia Dr #125
Vineyard at Rough Hollow
$599,999 $248 4 bd / 4 ba 2,422 sqft , 2026-07-01
8409 Nairn Dr
Deer Park At Maple Run Sec 10
$600,000 $268 4 bd / 3 ba 2,238 sqft , 2026-02-25
2818 E 22nd St #2
Austin Heights
$600,000 $311 3 bd / 3 ba 1,930 sqft , 2026-01-07

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,880/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$120,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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